Asked by Justin Shaughnessy on Apr 24, 2024
Basic Carpet contracts to install stain-resistant carpet in Alice's house for $6,000.Basic Carpet then assigns the right to receive payment from Alice to Home Finance Company.When payment comes due,Alice refuses to pay more than $2,000,asserting that the installed carpet was not stain-resistant.Home Finance asserts that Alice must pay $6,000,since Home Finance was not responsible for installing the carpet.Alice decides to sue Basic Carpet.Discuss the case.
Stain-Resistant
A characteristic of materials or surfaces that prevents or reduces staining when exposed to potential stain-causing substances.
Carpet Installation
The process of fitting and securing a carpet to the floor of a building or room.
Home Finance
involves the process of providing loans or other financial products to individuals to purchase, build, renovate, or refinance residential properties.
- Examine the entitlements of contractual parties when there is a transfer of rights or an assignment of responsibilities.
- Understand the legal obligations and consequences associated with the transference of rights or responsibilities in a contract.
Learning Objectives
- Examine the entitlements of contractual parties when there is a transfer of rights or an assignment of responsibilities.
- Understand the legal obligations and consequences associated with the transference of rights or responsibilities in a contract.
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